Low deficit,11priorities put Pranab on tight rope
Finance minister Pranab Mukherjee has set himself a basket of 11 priorities to address in the first Budget of the new government. This includes an at least 4% growth rate for agriculture, increasing investment in infrastructure to more than 9% within the next five years, and an integrated energy policy, besides a direct assistance to the poor to create a social safety net.
Latest estimates of government revenue and expenditure show all this will have to be done within the constraint of keeping the Centre’s fiscal deficit at less than 6.5% of the GDP as anything higher could impact sovereign ratings.
The best piece of news that Mukherjee will receive on Monday, as he drives for a quick Cabinet meeting to ratify the Budget before he addresses the Lok Sabha,
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com/
Latest estimates of government revenue and expenditure show all this will have to be done within the constraint of keeping the Centre’s fiscal deficit at less than 6.5% of the GDP as anything higher could impact sovereign ratings.
The best piece of news that Mukherjee will receive on Monday, as he drives for a quick Cabinet meeting to ratify the Budget before he addresses the Lok Sabha,
To read the full article, click here..
To read the ePaper, visit: http://epaper.financialexpress.com/
Labels: 11 priorities, agriculture, cabinet meeting, expenditure show, first budget, government revenue, lok sabha, new government, Pranab Mukherjee, public sector oil marketing companies
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